Vontobel Holding Ltd. Reduces Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Vontobel Holding Ltd. lowered its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 18.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,320 shares of the electronics maker’s stock after selling 1,407 shares during the quarter. Vontobel Holding Ltd.’s holdings in Advanced Energy Industries were worth $665,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Earnest Partners LLC raised its position in shares of Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after acquiring an additional 199,578 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Advanced Energy Industries by 22.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after purchasing an additional 118,328 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Advanced Energy Industries by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after purchasing an additional 102,659 shares during the period. Vanguard Group Inc. boosted its position in Advanced Energy Industries by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock worth $463,335,000 after purchasing an additional 73,028 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in Advanced Energy Industries in the second quarter valued at approximately $6,873,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Trading Down 1.6 %

Shares of AEIS opened at $108.69 on Tuesday. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $103.65 and a 200 day moving average price of $104.22. Advanced Energy Industries, Inc. has a 12-month low of $81.86 and a 12-month high of $119.75. The firm has a market capitalization of $4.07 billion, a P/E ratio of 39.96, a P/E/G ratio of 5.41 and a beta of 1.49.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The business had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. During the same period in the prior year, the business posted $0.95 EPS. The company’s revenue was down 12.2% compared to the same quarter last year. Sell-side analysts forecast that Advanced Energy Industries, Inc. will post 2.47 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Monday, August 26th. Advanced Energy Industries’s dividend payout ratio (DPR) is 14.71%.

Analyst Upgrades and Downgrades

AEIS has been the topic of a number of recent analyst reports. Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They set a “buy” rating and a $135.00 target price for the company. Wells Fargo & Company decreased their price target on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Finally, Benchmark reiterated a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Advanced Energy Industries currently has a consensus rating of “Hold” and an average target price of $113.11.

About Advanced Energy Industries

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.